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Thursday, October 01, 2009 12:20:51 PM
First I spoke with someone at my local branch, they were not super helpful. I then emailed support and what I posted is what they sent to me. Here is the complete reply
Dear Jesse:
Thank you for your e-mail.
While a security is undergoing a reorganization, including a name change, symbol change, merger, etc., the security will not be available for online trading. During this reorganization period, we ask that you contact your local Scottrade branch office for trading assistance on this security. You may obtain the telephone number through our online Branch Locator.
Scottrade will post the new shares or cash to your account once the new shares and/or cash has been received from the Depository Trust & Clearing Company (DTCC).
Please let us know if we may be of further assistance.
and this:
"I am excited about the future of IPWG, a company I worked to develop over the last several years, but I would now like to focus my attention on certain legacy issues that have caused harm to IPWG and its shareholders and IPWG's ability to succeed in the past. I will now be focusing my efforts on pursuing those individuals and institutions that have caused harm to IPWG and its share value. By working with IPWG and its counsel I intend to use my historical knowledge of IPWG to recover lost value for IPWG and its shareholders."
http://www.transworldnews.com/NewsStory.aspx?id=126299&cat=1
This is good, unless you're an IPWG manipulator. Alot of bad things were said about IPWG and it's partners over the last couple of years. If you're one of the bad guys Mr. Toscano's comin after your ugly a$$es.
It's nice when the hyenas get pounced on.
Do..Do..Do..Do in T minus 14...
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